Wednesday, December 23, 2009

Current Account Deficit


“For the year to September, New Zealand's current account deficit was $5.7 billion (3.1 per cent of GDP).”
That’s what, $109million per week? So if enough state servants were sacked (and offices vacated and grants to Pseudo-charities axed), that the gummint saves $250milion a week, could the loss of their purchasing power save us $109million in imports each week?

Just a thought.

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